it is 2:00 pm today Friday January 20 2017, oracle stock is up to 39.81, one day after layoffs happened.
Where is the moral here ?
9 replies (most recent on top)
I was one of those RIF'd.....and I have a few shares of stock, so I DO hope the price moves up....I need the dough.....
Laying off ~1700 out of ~138000 is not a big enough of a RIF to move the stock price.
Don't mean to sound insensitive at all, definitely feel very sorry for all those whose lives and families got impacted, for no fault of theirs other than changing markets / business, which the management did not
see it coming soon enough so did not react / adjust to proactively early enough.
You cut off non-profitable business and you make money. Can this be more obvious/understandable?
@1xvx - you are one delusional puppy, get a brain!
Oracle is history, will never come close to Amazon, bye bye
The business is declining but there is light at the end of the tunnel = cloud!!!
Amazon is afraid of Oracle cloud when it comes to fully growth
Today is Trump day, the market went up and dragged all stock price up, it has nothing with layoff
Get real. Oracle owes the shareholders the financial payback, it's not a charity and there is no loyalty or compassion required for employees. You get paid for your work, probably not enough, but that's the extent of the obligation. Unless you work in your family business, it is unlikely that the corporation is going to be considerate or generous with you. Oracle has never been known for great treatment of rank and file employees, only the big guys get the big bucks and exit packages. Hardware, other than Exadata, isn't selling and has low to no margin, so why would you keep a business unit that is declining?
"financialization" ... "financial engineering"... "lower the cost-of-labor.... 'means earnings-per-share improves".
is Labor seen as an Asset or a Cost ? .... in general, Labor has been seen as a Cost (ie, Liability) for last 20years in USA ... and so we get that "race to the bottom".... where companies focus on quarterly earnings vs. inventing new widgets.
Just my thoughts, word by word, minutes ago when I saw the shares go up. F---ed up word we live in.